adminThe Kepler Interactive Oro Interactive deal brings a new main investor to the Belgian indie publisher, while leaving its independent operations in place. Kepler acquired a stake from Belgian venture capital firm ForsVC. The companies have not disclosed the transaction’s value or the size of the stake.
Image credit: ForsVC
Kepler Interactive Oro Interactive deal: key details
Oro Interactive will continue to operate independently, with Kepler becoming its main investor. The announcement describes a stake sale rather than a full acquisition, but does not specify how much of the company changed hands. For developers and other partners, the confirmed point is that Oro says it will remain an independent publisher.
- Buyer: Kepler Interactive.
- Seller: Belgian venture capital firm ForsVC.
- Transaction value: Not disclosed.
- Oro’s status: The publisher will continue operating independently, with Kepler as its main investor.
Keeping the price and stake size confidential means the announcement does not provide enough information to calculate Oro’s valuation or Kepler’s ownership percentage. Those details should not be inferred from the reported investment return.
ForsVC reports a sevenfold return
The sale marks ForsVC’s first exit. The firm said it achieved a return of more than seven times its investment in less than two years. This figure describes ForsVC’s return; it does not reveal the sale price or the amount Kepler invested.
Oro Interactive CEO Sam De Boeck said ForsVC’s early confidence helped the publisher concentrate on its work. He described the move to Kepler as a natural next step and said the new investor’s backing could help Oro serve studios more effectively.
ForsVC managing partner Arne Ottoy said the firm had backed a publishing approach built around smaller games, better terms for developers and a genuine enthusiasm for games. He viewed Kepler’s investment as support for that approach and as a positive signal for Belgium’s games industry.
Previous investment in Mystic Forge
ForsVC had also led a €2 million investment round in indie publisher Mystic Forge alongside Rom Utrecht Region. That funding was intended to help Mystic Forge expand its game portfolio. The announcement provides this as a separate investment and does not state that it is connected to the Oro transaction.
What the deal means for studios
For studios considering a publishing partnership with Oro, the available information points to continuity in the publisher’s independent operations and a change in its main investor. The announcement does not detail any changes to publishing terms, staffing, project selection or day-to-day management, so studios should seek direct clarification on those points when discussing a project.
Overall, the Kepler Interactive Oro Interactive deal transfers ForsVC’s stake to Kepler, gives Oro a new main investor and leaves the sale price undisclosed. Oro says it will remain independent, while the transaction also gives ForsVC its first exit and a reported return of more than sevenfold in under two years.
